A growing problem: Americans are paying record prices for gasoline, with prices in some areas topping $5 per gallon.
Who’s to blame? Hint: it’s not Putin, as President Joe Biden claims. In fact, it’s the Biden administration’s disastrous environmental and energy policies that set us on the path to rising gas prices well before the war in Ukraine.
The wrong solution: Congressional liberals have offered a variety of “solutions”—ranging from a new tax holiday to more reckless government spending—that will do nothing to lower prices.
Our take: “Policy gimmicks under consideration by Congress," write Heritage experts, “would have counterproductive effects for the economy, including driving inflation even higher.”
Learn more: Read our full analysis of the issue here.